OCR Screening Solutions
Enhance your KYC compliance with a leading OCR screening solution, known for its unmatched speed and precision. Streamline your Know Your Customer (KYC) processes with automated document scanning, data extraction, and verification.
How OCR works
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1 step
Image Pre-Processing. Files undergo initial processing to enhance quality by removing noise and improving sharpness. The system also detects and corrects document skew to ensure accurate analysis.
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2 step
Document Segmentation. Utilising AI, the system identifies the document type and determines its country of origin. This segmentation allows for tailored processing based on document characteristics.
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3 step
OCR. OCR technology extracts text from the document, converting it into machine-readable data for further analysis.
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4 step
Fetch Data. Extracted data is structured and organised into relevant categories such as name, date of birth, and other key fields. This structured format facilitates easy integration into systems and applications.
Features and Capabilities
The OCR system swiftly and accurately enhances data from KYC forms, minimising errors. It automatically verifies ID documents, detects alterations, and maintains image integrity with top-notch security and precision.
OCR Screening from KYCAID
Ensure seamless KYC compliance with KYCAID's secure and accurate OCR solution, built to adapt to your business needs.
Use cases
We offer a wide range of services, including global KYC solutions, intelligent document processing, AML verification, and more. Our main goal is to give businesses a simple and effective way to manage KYC processes.
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In-house KYC departments
Turn around your in-house KYC solution with our forefront OCR technology that converts images into editable and searchable content. Focusing on precise data extraction and multilingual support, our advanced algorithms optimize KYC processes while ensuring compliance with AML regulations.
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CRM systems
Pave the way for a swift digital transformation of your CRM by implementing advanced tech such as AI and OCR. Deep learning, natural language processing, and computer vision will enhance accurate and complete data collection and analysis.
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Banks
Financial institutions have to process millions of customer documents each year. OCR helps extract and convert data into digital formats, boosting overall operational speed. With our solutions, banks can quickly scan customer data from PDF documents, convert them, and make them searchable. Automation allows you to optimise KYC compliance procedures across the board.
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KYC providers
OCR and ML-based (Machine Learning) tools automate identity verification, simplifying KYC. Extracting data from IDs like driving licences or passports, they verify against databases, using profiles for streamlined, automatic checks across various databases and watchlists.
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Travel agencies
Refine the processing of legal documents and hasten verification of IDs, passports, insurance policies, etc. Our AI-driven solutions improve automatic algorithms by reducing inaccuracies and the risks of human-factor errors.
Integrate OCR from KYCAID into your CRM
Streamline your CRM processes by seamlessly integrating KYCAID's OCR technology, guaranteeing quick and accurate data input at your fingertips.
| 1 | |
| 2 | "applicant_id": "{ "applicant_id" {", |
| 3 | "type": "PERSON", |
| 4 | "first_name": "John", |
| 5 | "middle_name": null, |
| 6 | "last_name": "Doe", |
| 7 | "dob": "1970-10-25", |
| 8 | "residence_country": "GB", |
| 9 | "gender": null, |
| 10 | "email": "[email protected]", |
| 11 | "phone": null, |
| 12 | "pep": null, |
| 13 | "profile_status": false, |
FAQ
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How does OCR help verify documents?
Optical Character Recognition helps verify documents by extracting info from the document, enabling automated processing, ensuring accuracy and efficiency in document verification.
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What methods does the OCR system use?
- Character classification based on visual patterns;
- Machine learning: OCR software enhances accuracy through training on extensive datasets;
- Neural networks: OCR systems analyze visual attributes of characters and make predictions based on identified patterns;
- Natural language processing: Advanced OCR systems use natural language processing to understand context.
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What advantages do KYCAID services offer?
Our OCR services automate data extraction, enabling swift and accurate customer verification. This enhances efficiency, security, and compliance in KYC processes. OCR technology also improves data management and supports AML compliance. For more information, contact us or explore our KYC solutions.
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How accurate is the OCR technology?
The accuracy of OCR technology can vary based on the quality of the document, clarity of text, and the OCR software being used. In modern OCR solutions, accuracy is continually improving, and they often support various fonts, languages, and writing styles. However, it's crucial to choose a reliable OCR solution that can handle diverse documents and provide accuracy even in challenging scenarios.